SALT

Top 5 SALT® tools for Maine high school students

When it comes to getting money savvy, the sooner you begin the better. That's why American Student Assistance® (ASA) and FAME have partnered to offer SALT to all Maine high school students. SALT is a free resource designed to empower students to confidently approach, manage and pay back their student loans while gaining financial skills for life.

Sign up today at saltmoney.org/fame to take advantage of hundreds of resources including articles, videos, interactive lessons and calculators. Navigating the site is easy. Simply type a topic, keyword or specific resource into the search bar at the top of the page. We recommend the following:

1. My Money 101™ Lessons

My Money 101 offers students a series of interactive money lessons on topics like budgeting, identity theft and student loans. There are twelve lessons available, all designed to help you borrow smart to pay for college and find more money for life.

2. SALT Scholarship Search Tool

There are numerous scholarships available to help you cover the cost of college. The best part is, unlike loans, scholarships don't have to be repaid. The SALT scholarship search tool will help you identify scholarships you may qualify for based on your hobbies, interests, academic background and more.

3. The Quick Guide to College Financial Aid

Getting financial aid for college doesn't have to be confusing. This infographic makes it easy for you to know how to find, understand and apply for aid.

4. 13 Things to Consider When Choosing a College

Price is important when choosing a college, but so is finding a school that offers the resources you need to succeed. The key to determining the "best" choice is to find the best value for you and your family. To help you figure out what matters to you, consider these 13 factors.

5. Student Loan Repayment Calculator

Figuring out how much to borrow in student loans for college can be tricky, but thinking before borrowing will pay off in the long run. The Student Loan Repayment Calculator provides an estimated monthly payment as well as the percentage of your income that will need to go toward your loans based on potential borrowing and anticipated earnings. In addition, SALT offers a number of resources to assist you with understanding the various types of loans that are available to you to help pay for college.

To get started, visit saltmoney.org/fame.

Loan Re-payment Options

FAME is thrilled to announce the availability of SALT™ for Maine high school students. Created by American Student Assistance (ASA), SALT is an innovative online program designed to empower students to confidently manage their money and build financial skills for life.

Colleges across Maine have engaged thousands of students to utilize SALT, which offers well-timed, neutral financial education resources, and self-paced courses designed from the student's point of view. Through an innovative partnership with ASA, FAME is able to offer SALT access to all Maine high school students, including interactive money management lessons, a scholarship search tool, and resources to assist in college planning.

We encourage you to create a SALT account and begin exploring the financial literacy resources that are available on the site.

To help you learn more, and to assist you in engaging your students to use SALT, we've compiled the following resources for you:

In addition, FAME is excited to announce that our financial literacy guide Managing Your Money has been redesigned. We will be distributing a small supply to all of you, but you are also invited to order a supply for your students.

The Managing Your Money companion presentation can be used in your school. Download the presentation.